Qatar- Building materials, pricing under watch

(MENAFN - The Peninsula) Qatar plans to set up a committee that will be tasked with monitoring the availability of primary building raw materials and their pricing.

The Cabinet, at its weekly meeting yesterday, approved plans to set up the panel that will have representation from the Ministry of Development Planning and Statistics and the 2022 Supreme Committee.

The panel at the Ministry of Economy and Commerce will monitor supplies, availability and pricing as well as consumption of primary raw materials. If needed, it will have the authority to control pricing.

The idea is to take effective corrective measures if there are shortages or unjustified price increase in respect of any raw material as a slew of mega development projects are being launched ahead of FIFA 2022.

The Cabinet also approved a draft law that seeks to provide state subsidy to the government-run transport company, Mowasalat, to help it meet its costs.

The company runs bus and taxi services and is a large provider of public transport services.

A proposal to provide financial support in the form of subsidy was made to the Cabinet by the Ministry of Finance, Qatar News Agency reported.

The session reviewed a letter from the Minister of Justice concerning the outcomes of the 25th meeting of the GCC justice ministers in Manama in October and took the appropriate decision.

The Cabinet approved a proposal by the Finance Ministry regarding capital increase for Islamic Development Bank (IDB).

The meeting also approved a draft agreement on air services between Qatar and Costa Rica and a draft memorandum of understanding in the field of education, higher education and scientific research between Qatar and Colombia.

The Cabinet agreed on holding air transport talks with civil aviation authorities of the Republic of Micronesia.

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